Terry O'Connor to step down as Courts Asia CEO

Singapore

LONG-TIME head honcho of Courts Asia, Terry O'Connor, will step down as group CEO with effect from July 1 and become an executive adviser, the company announced on Thursday. He has also resigned from the firm's board.

Following the buyout of Courts by Japanese electronics retailer Nojima Corp, Mr O'Connor "expressed his desire to relinquish operational responsibilities and support the group in an advisory capacity", Courts said in a press release.